on the right bank because our armed forces very accurately hit not only the rear of the enemy, but also the location of the field warehouses located on the right bank, and today again the palaus warehouse and the movement of military equipment. there is a lot of equipment in the direction of kherson, but i would like to point out that a lot of equipment is also moving in the direction of kherson. that is why there is currently a rotation of the military armed forces of the russian federation in the occupied kherson region, but what is very remarkable about this rotation military units that go on rotation, they do not go to the crimea, they go to beginichesk and to genichesk, they are now settled in the arabatsky rifle up to the rifleman and the sniper rifle absolutely completely. maybe that is why they are simply targeted on the arabatsky rifle. they did it at first in skadovsk, but with a good hit there flew in, our hummers flew in and destroyed the military unit that they placed in the boarding house, oh, oh, format unions, they are now placing them with the idea that it will not fly

equipment will not pass there. those needs and those losses that are happening today on the right bank becauseur armed forces very accurately hit not only the rear of the enemy, but also the location of the field warehouses that are also on the right bank and today again palau

free to take they began to actively strengthen the kherson region, that is, first of all, the right bank, because again, the question of the river, if they can hold on to it, is a springboard for further attacks on another the territory of ukraine, the largest part of which they are being fortified, there are such settlements in 11 former belozersky districts, they are very, very fortified there, they are being charged, many military troops are being charged, they are constantly bringing trees there, that is, they are making dugouts, they are really well fortified. this is if the right bank, the left bank . oleshki hmm well, the next city is nova kakhovka, that is, they have such echelons, you know , helmet protection and they are strengthening it, they are preparing , they understand that the next ukrainian one will be 100%. and they understand that they need to somehow restrain themselves. they are trying to strengthen themselves. but will it work or not? we even started, they drove cars with cement to the front line in the mykolaiv direction , that is, most likely they even cemented their fort

the right bank. in principle, the antonov bridge, well, this seriously undermines the logistics capabilities of the russian army, which is currently located in the right bank kherson region, becauselogistics with the help of road transport and the transfer of heavy equipment, including military equipment, armored personnel carriers, etc., this is actually a very serious story and can seriously hinder the russians from organizing defense when the ukrainian army moves to some active actions. one should not expect any tank breakthroughs, which were characteristic of the second world war, there is a huge concentration of artillery, probably a section of the front or, in principle, the russian army was engaged when lysychanska attacked severodonetsk not only because it can be monitored using modern means of observation. well, uh, while there is a connection, you know . well, after all, since the railway remains. well, as a rule, the russians actually supplied most of everything by rail, and the fact that they still have a railway bridge indicates that they well, we are quite capable of translating everything that is necessary. it’s just another question. it’s possible. well, some dama

more so, it is not worth expecting now that the enemy will surrender on all of the right bank kherson region, becausewe can see, he is just starting to repair the bridges . i understand that this was an unequivocal hint to the enemy, on the one hand, on the other hand, we understand that the orcs still want to live like this, and they understand what risky situations they may find themselves in. well, because they marked the same antonov bridge later the marks of the cities were fired at the novokakhov dam, that is, they understand. yes, at such a rate, in a week we will suck or cook the foot . the enemy 's territory is also under fire and they may have a way out by swimming across the dnipro in the event of something. i think that the same buryats or some dagestanis are also thinking about such options. i don't know do they think and what do the buryats think about? well, there aren't especially many dagestanis there, it seems like...i think that first of all, they don't know all the information because they sit in their information space and don't use ukrainian social networks. they actually had pr

undermines the logistics capabilities of the russian army, which is currently located in the right bank kherson region, becauseics with the help of road transport and the overturning of heavy equipment, including military equipment , tanks, armored personnel carriers, etc., this is actually a very serious story and may very seriously hinder the russians from organizing defense when the ukrainian army moves to some active actions. you said earlier that we should not expect any tank warm-ups that were characteristic of the second world war, there was a huge concentration of artillery there, probably a section of the front or, in principle, the russian army was engaged when lysychanska attacked severodonetsk, not only because it can be tracked with the help of modern means of observation. well, uh, while there , you know the connection. well, after all, because there is a railway. well, as a rule, the russians actually supplied most of everything by rail, and what in they still have a railway bridge, which means that they are quite capable of moving everything they need. it's just another question. it's possible.

and where are the 15,000 men who are in russia on the right bank of the dnieper , because the enemy understandsr options to deprive the kherson region thank you very much, mr. serhiy for your professional comments . serhiy zgurets, director of the information consulting company defense express.

now we are suffering very large losses of grain because the fields are burning not only on the contact line, but also deep in the rear on the right bankone specifically because the task of the enemy and to undermine our food potential to destroy our greatest value - this is our bread that has already been sown in the mykolaiv region, which has already come down and we need it. it is time to collect it, the russian army is carrying out strikes on the solar oil warehouses located in there was a huge fire in the city recently, which could be seen even outside the city and even from the contact line. it was a special autorism, it was done on purpose, and twice with a break of several days, that's because it was impossible to put out the oil. in order to destroy all the food that is stored in the city because mykolaiv accepts refugees, mykolaiv is concentrating supplies in order to provide for all those who want to leave the kherson region, the local authorities and khersonsk urged people to leave the kherson region, to come at least to mykolaiv, and at most to follow further to western ukraine, because the next few weeks will be very hot

azovstal plant, now the school is in complete ruins we could not all leave the left bank region to ukraine right away becausethe first to be occupied, crushed, crushed, people were destroyed, but in fact, practically all the teachers our school found opportunities and left for the territory of ukraine. who left, can you shoot a movie? alya ivanivna was helped by volunteers who, after the drama theater explosion, picked her up just on the road and took her to zaporizhzhia . he offered to organize a school because he saw that it was difficult for my mother and that her favorite work could comfort her . such an online educational center should be made for the teachers of mariupol who suffered as a result of the war to start, you need equipment with laptops , a former graduate of mariupol suddenly helped. i am just active on my page, so now we have launched such an initiative, we want to help those teachers who left mariupol, and at first they were friends, colleagues, acquaintances who simply gave their laptops that they did not use but they were in working condition and then it somehow started to grow, so the

sufficient strength of means to maintain under fire control, in fact, the entire right bank part of the kherson region, because i want to remind the geography in general of what is happening there. means of s300 air defense and others throughout practically the entire territory of the region , starting from north to south, respectively. in this way, the russian forces are shown what they have well, it is once again demonstrated that they have no place here and it is better to leave. second, taking all logistics and crossings under fire control means that, in principle, there is a potential in the future to completely cut off the russian grouping of troops on the right bank part of the kherson region. third, this is a signal for russian forces in general. that they have three ways out, either to stay and, uh, resist in the battle without support and logistical support, what is known as losing a position, or retreating, or surrendering step by step well, we see that most likely, they are preparing to, let's say, face off in this obviously losing battle. well, let's see, in general, in principle, the situation in

she is the right bank of ukraine because what to train them in the uk and then drag them back.s crazy logistics. it's long and so on. it’s easier to fire a certain number of your military personnel there for some kind of amaralka and send them either to poland or , most likely, to the western ukrainian border. ah area, but in the same favor. let's talk again. uh, the ukrainians said openly and there to train, this is the logic of the current stage. hmm, the current stage of the hybrid war between russia and the west, but i must also say. i was wrong too. i thought that on this stage we will observe the burnout of the desire for readiness. there is no west to conduct this conflict, there are no signs of burnout of the political readiness of the west to participate in this conflict. i don't see, i see fatigue. i see fatigue from the ukrainians. i see that right in america there are more and more questions, but where are the grandmas, and where are the weapons, and this, by the way, the topic of weapons is becoming one of the most important, but this does not mean that they are re

enemy group in kherson region, it will now also be tied directly to melitopol, because the only connection with right bankill be the new kakhovka hydroelectric plant, and they will try to do some via melitopol, then through kakhovka transfers of equipment but i am sure that they will not succeed because our armed forces are already under control and this connection mr. ivan would like to ask you about the mood among occupiers and collaborators. perhaps you have, so to speak, non-public information for public information . it is the next, e. lives in the apartments of empty apartments, some military personnel began to come in. mostly with their families . this is buryatia yesterday at a closed meeting and where collaborators tried to persuade them to cooperate seniors in houses and quarters, they offered the following proportion that if the senior in the house finds 50 free apartments, then 51 will be for him by the same, we clearly understand that they can not control the full-fledged situation in melitopol, they cannot do, for example, who left the place of melitopol who did not leave, and of course they

they have not been able to bank this surplus in accumulation, and actually one of the reasons is because the countries in recession, because of sanctions, rights why the central bank are cutting rates. the outlook for the russian economy is dreadful. i don't think this is a great story, that we can sell, that the ruble a strong, the central bank is cutting rates, degrading russia, absolutely not. the outlook for russia is stagflation, recession, and being cut out of global markets because it invaded ukraine and because of what it is doing and ukraine. anna: and how is that weakness in the russian economy, tim, being felt on the ground in russia? we know protesting is not tolerated by the russian government, but what type of reception is that meeting among the russian people? tim: russia has a lot of insulation going into this conflict, right? fx reserves, fiscal was pretty ok, so there is all this durability there. but over time, as western companies pullout, unemployment will revise, job opportunities will reduce, living standards will fall. russians will feel this. we actually see a significant exodus of russians out of russia, a brain drai

the most important thing right now that central banks can do is impact the inflation because thatis impacton because that is what is driving a lot of the misery we are seeing right now and a lot of these forecasts are. of central banks can get to grips with inflation in the short term then that is the biggest impact we will see on the economy going into 2023— 2024 and alleviate some of the economic concerns and lead to slightly improved forecast but again, there are so many volatile factors in the area and i think that central bank is going to be called players which will allow policymakers to take a more proactive approach to trying to alleviate some of those pressures without worrying about inflation because as we have seen so often in the leadership debates this week, the two candidates are constantly talking about the way of the trade—off between wanting to make people's lives easier but we don't want to turn that 11% inflation into 15% inflation, 20%, which is always the concern in these situations. we are auoin concern in these situations. we are going to — concern in these situation

deepak: i think the central banks are talking tough right now because they want to achieve the slowdownthis is not when the engine broke down like in 2007. the engine is fine. the situation is different. i'm not so pessimistic about global growth because i think the central banks are maneuvering it well. at some stage, they will pause and there will be a u-turn sooner than expected, therefore, yes, the world will get into recession. we will see yet in europe and in the u.s., some other countries as well. this is an engineered recession. manus: let's leave it there, smart and interesting calls from you. we can live without a bit of china. that will stick in my mind. deepak mehra, head of investments, commercial bank of dubai. dani. dani: coming up, oecb secretary-general says russia should contribute to ukraine's reconstruction. we have the interview, next. this is bloomberg. ♪ cool goodness dani: welcome backg daybreak: europe." i'm dani burger in london alongside manus cranny in dubai. russia should pay for ukraine's destruction, maria tadeo in switzerland spoke about ukraine's recover

banks? how are they going to manage something like this? that feels like something of a world we haven't been in quite a long time. randall: i think you are right. this is a challenge becauseentral banks have a mandate from their parliaments or congresses that focus on their economies, just like the fed is. this is going to have knock on consequences for the country. chile, they were about at 50 basis points a year ago. now, they are at 8% or 9%. it is forcing central banks in other countries to move expeditiously. the dollar is strengthening quite significantly. whenever there is global uncertainty, people run to the dollar. you got a combination of higher yields in the u.s. relative to other countries, and the uncertainty so that dollar is going to continue to be strong, other central banks are going to have to be catching up. the challenge for countries -- emerging countries that have debt outstanding, it will be tough to pay that off. probably a shorter slowdown than the u.s.. guy: did something break? we have seen it in the past where the fed had to react to big, external shocks. russia, china, the devaluation. there have been incidences where the fed has been blown o

banks give money to the national bank for a so-called deposit and receive this money to put it under what is 24%, that's right, it doesn't work like that well, becausen't work like that, again, how can banks not earn certificates of deposit they don't exist in order for deposit certificates to exist in order for whatever balances are left in the national banks, they leave them overnight in the national bank, that's why there are no earnings there, because again, why do n't they raise deposit rates now, the most banks in including because the ministry of finance does not raise interest rates and the bank simply does not need this money, the banks have enough of their own liquidity and they do not lend now, and in order to raise deposit rates, they need to know where to go with this money . the national bank expected from the ministry of finance that after the national bank will raise the rate to 25 the ministry of finance will also increase the yield on top of the military bond, but so far this has not happened, and that is why raising the rate has no particular effect. the goal is that we now have inflation of 30+ and it will be this year, and the g

bank, the w t l. right? precisely because there was this massive disruption. we need new architecture reflect the way the world is going forward. okay, so for the last, since you've known me for the last 2025 years, we've been heading into a geopolitical recession. what i call a g 0 world, where the balance of power is increasingly mis aligned with the institutions. and that's true both inside the united states and globally, and i've been writing all of these books that have described that the end of the free market, right? the state capitalist, china rise. and that means that the hybrid system, every nation for itself, the united states as you know, sort of the g one is no longer the global policeman. what happens as a consequence, even us versus them, that talks about the rise of populism, the disintegration of institutions inside a lot of democracies around the world, the growing in liberalism, of democracies. so now you start to see all of these global crises emerge. whether it's the pandemic or it's the russia invasion of ukraine and a new cold war, or, o

that we need to move to the left bank, but from the view on the fact that in any case this bridge would be destroyed because in the event that the enemy escaped from the rightof the dnieper, he would then go to the left bank and make an effort to blow up this bridge so that in any case this bridge conditionally speaking, doomed in view of the e-e strategy of hostilities either from the ukrainian side or from the russian side, under the condition that the bridges are blown up, pontoon crossings can be carried out there, but this is already a sufficiently complicated way to evacuate the personnel who are currently with the enemy on the right bank, so i think that the enemy understands all these risks and i think that it is necessary to demonstrate in advance the desire of good will to leave our territory, in any case, we must understand that, let's say, the encirclement of a large group of troops. i don't know what it is about now the number of people in the conditions, the number is 15,000, 15,000, by the way, i also heard about this figure, because mr. serhiy told me that first you can bargain here. well, that means everyone leave from there or well, childr

that's the reaction that the central bank has been quite cautious right now because the inflation outlooksn't looking very good. house linda: are there things out there you are looking at -- haslinda: are there things out there you are looking at? >> specifically -- specifically for indonesian investment authorities, one is infrastructure, including basic infrastructure and water infrastructure in airports, the second is digital infrastructure, the third thing is health care and energy efficient. we don't actually see much changes on that different focus. we will be quite cautious on the pricing that we pay on what we put together in the instances we are having, but not changes because we are in for a very long time. haslinda: how are you assessing valuations? are they low enough in what is looking attractive? what might you buy? >> we always look at risk-adjusted returns. obviously right now, risks are inching up. it might have to adjust accordingly as well. what exactly it is, the devil is in the detail. we are looking and relook at every single investment we are making in making sure w

that's right, so what that does is perhaps give central banks a little more latitude now to raise interest rates and maybe that narrow path is a little bit wider because standards. in say the united states and the uk. so maybe there is a little bit more room for central banks to tighten without causing the economy to tumble into a recession. and let me end on this, michael. if you could stare into your crystal ball, where do you think we might be going in the next few years with interest rates, and when do you think we will see inflation numbers easing or at least returning to more manageable levels? if i had a good answer to that, i wouldn't be speaking with you now, i would be making huge amounts of money. and i'd be in saint tropez or something like that. as i mentioned, i think this is a real challenge and a lot of it depends on things that are really unforecastable, things like what happens with the war in ukraine, what happens with new variants of covid, so there is another famous saying about forecasting. if you are going to forecast, forecast often. so maybe we can come back to this in six months and i will tell you what i think will happen in

banks. trading is really important right now because you could just as easily start losing a lot of money in that business. you guys have been talking about it constantly. volatility is not out of control. it is in a sweet spot. you are seeing citigroup meet expectations on equities, which is in a tough environment right now. matt: citi is unique among these banks in that it is the most international. not only into europe but also russia. that has been in issue. what we know about citi's exit from russia? sonali: we spoke to jane fraser a couple of months ago in los angeles. what she said to me was we are getting on with it. they are doing as much as they can as fast as they can to exit operations in russia, but also elsewhere in the world where they said they would. lisa: thank you so much. we will give you some more time to parse through the numbers and get back to you later in the hour. this bleeds into the broader picture which is investment banking has been suffering on the deal side. trading very much an interesting moment given all of the volatility. jeff you -- geoffrey yu has been t

the most important thing is to decide strategic task, but ensuring the defense of the right bank in the future. becausecan move on to nikolaev odessa, but not only to them. and we can also cut off the blow to the north to the area, if we cut off the blow to the kremenchug area immediately, dnepropetrovsk and zaporozhye will bring down no one here in this way, so that we can storm dnepropetrovsk-zaporozhye head-on. naturally, it won't. it does not make any sense, and a blow through the nikolaev region kherson bypasses. it just begs itself. uh, this is key. point, to move further to the right-bank ukraine, and everyone understands this very well. and precisely, therefore, uh, in fact, strategic importance. this bit is much more important even than the battle for donbass. thank you very much, yuryevich, the water man was in direct contact with us, our permanent military expert, but uh, in the meantime, friends hmm against the backdrop of western support and the ukrainian authorities, apparently, well, completely uh, broke away from reality , because they began to directly threaten a strike on our territor

because inflation is still eroding consumer purchasing power. he also cited central banks, aggressively raising interest rates to combat inflation and he was right about that because for the first time in 11 years, today, the european central bank raised interest rates by more than expected 50 basis points moving in line with its global peers who have done the same to douse the flames of inflation. now, why 50 and not the previously-telegraphed 25 basis points? ecb president christine laguard citing a clear deterioration in the inflation picture in europe. it's really ugly in the european union for both consumers and businesses and price pressures are actually spreading across more and more sectors but her one bright spot that she mentioned, she said tourism will at least help the economy in the third quarter. not if u.s. air carriers don't wrap their arms around what has become a very unreliable system for u.s. travelers. airline stocks, this is a real train wreck here, you've got united air lines down 10 and one -third percent, american down 8%, delta down, yeah, 3.3% and by the way jetblue down 4%. jetblue does fly to europe. they fly to mila

the national bank called this choice of ukrainians symbolic, because right now our country is bleeding on the battlefield defends its right to freedom, and this is the end of our news release . you can read more news on our website, as well as on espresso pages in social networks, in particular, in telegram , on facebook and twitter. around the world, watch espresso news and euro espresso programs for ukrainian refugees in europe on our channel, joint airing with the atp channel, radio svoboda programs , voice of america time-time programs, inclusion of journalists of public television, bbc news ukraine and franz 24, as well as the broadcast of the information marathon, the only news is together, we are strong. glory to ukraine poltava vorskla took the first step to the group tournament of the conference league. a 3:2 victory at the swedish aicom brought the ukrainians closer to the goal of finally breaking the swedish wall . take the case to the overall triumph in the return match let's do it together on the espresso youtube channel on wednesday live from stockholm, the pre-match stud

right. but we have enough even without it because the banking sector and logistics along with supply chains of high tech products are under attack, rushes nuclear technology is, are a purely russian product. we develop and improve them ourselves. we do not feel any risks associated with our nuclear capability. in addition, it is also important that the project is truly international law. and many european and asian companies are involved in it, which creates an additional guarantee of stability from political risks. and of course, this is a mega project, a project that is under the control of our government. that's our heads of state. both president, putin and president ccm, gave us additional opportunities and vectors of support. we're going to get some live expert insight into the story now by crossing to dr. use 3 abo, shoddy and egyptian nuclear power expert and nobel prize winner. dr. thanks a lot for joining us in the program. now the head of ross adam mentioned that the elder bar power plant is planned to make up to up to 10 percent of egypt, energy balance by 2030. what do you make

proclamation of independence of ukraine in the 91st year, the national bank called this choice of ukrainians symbolic, because right is blood i'm defending my right to freedom on the battlefield. this was news of the economy during the war. watch us on weekdays at eight in the morning, it's repeated at 11 in the evening. and at any convenient time on youtube. i'm andriy yanitsky espresso tv channel, we will win together western military equipment is slowly but surely coming to donbas, first of all artillery and rocket launcher systems, it surpasses soviet and russian models in many parameters, strikes both advanced positions and warehouses and russian bases in the rear, in this edition of donbas we and we will tell how the help of western partners of ukraine affects the theater of operations and we will show one of the best modern self-propelled guns of the german armored howitzer built-in navigation detection systems of fire and even automatic fire extinguishing , the howitzer panzer is 2000 frames, it is considered one of the best self-propelled guns in the world, officially germany and the netherlands handed ove

to the azovstal plant, now on the site of the school, solid ruins, left bank region we all could not go to ukraine right away becauseroken , crushed, people were destroyed, but in fact, almost all the teachers of our school found opportunities and left for the territory of ukraine. she was just on the road and was taken to zaporizhzhia. viktoriya yuryivna made her way through russia, the baltic countries and poland. the evacuation was remotely controlled by her son from kyiv, and it was he who offered to organize school because i saw that it was difficult for my mother, and her favorite job could comfort her. we need to make such an educational online center for mariupol teachers who suffered as a result of the war. to start, we need equipment with laptops. a former mariupol graduate suddenly helped. initiative, we want to help those teachers who left mariupol, and at first they were friends , colleagues, acquaintances who simply gave their laptops , which they did not use, but they were in in working condition, and then somehow it began to grow, so the teachers of the mariupol school 56 opened a private online scho

right. but we have enough even without it because the banking sector and logistics along with supply chains of high tech products are under attack rushes. nuclear technologies are a purely russian product we develop and improve them ourselves. we do not feel any risks associated with our nuclear capability. in addition, it is also important that the project is truly international law. and many european and asian companies are involved in it, which creates an additional guarantee of stability from political risks. and of course, this is a mega project, a project that is under the control of our government. our heads of state, both president putin and president cc them gave us additional opportunities and vectors of support. we heard from a egyptian nuclear power experts use re abu sharpie. he says this project was long awaited by the egyptians and western sanctions will not hinder the strengthening of cooperation between moscow and cairo that project the new york order is one g, very strong, the corporation which i strongly believe, even all these trying to so called the west from starting f

the national bank called such a choice of ukrainians symbolic, because right now our country is defendingright to freedom with blood on the battlefield hour, this is all the news, the next issue, don't miss it already at 19:00, read more news so far on our website espresso.tv, a summary of the main points on our telegram channel, news of espresso.tv, the most interesting information and videos on our youtube channel, espresso.tv, subscribe to our youtube channel like, write comments , always be with a ukrainian view of the world, my colleague anna valevska and his friend are working tirelessly and will continue the live broadcast of espresso in a few seconds, watch the news on our channel espresso and euro programs espresso for ukrainian refugees in europe co-broadcast with the atp channel radio freedom programs voice of america time-time programs inclusion of public television journalists bbc news ukraine and france 24 news broadcasts as well as informational marathon broadcast only news together we are strength glory to ukraine poltava vorskla took the first step to the group tournament

selloff because traders are not predicting that the central bank will remain aggressive by raising interest rates, even if that means the economy enters a recession. we are getting into green territory right now. i would like to war that we could expect volatility tomorrow because several banks are posting will be call earnings season. we really want to see how people are spending, if low demand is staying up, businesses are spending. that will be a bellwether for what is to come. >> that leads me to the obvious question, a lot of folks out there are trying to make plans. they are trying to budget. is this going to get worse before it gets better? >> some parts will get better. gasoline prices are down in the last month. that is not shown in the report today. this report did show that airfares were down for the month of june. but a lot of other things are going to continue to get worse. the question is, can the economy achieve a soft landing? can we get to where we need to go without a recession? the answer could be yes. that is the more important question than what will happen over the next few months. >> let me talk about the statement the president put out. obviously, now that he is in

bank and its representatives. yes, it was not in the public interest because, well, we think that now it’s not quite right. we are a decision from the national bank. i think they may have some meetings this week and we are waiting for a decision. thank you, gentlemen, for the meaningful discussion dmytro solomchuk, people's deputy of ukraine and denys marchuk, deputy chairman of the all-ukrainian agrarian council, more news anna, i'm melnyk, i'm ready to tell us what happened and is happening there, annaevo. hello, thank you, colleague, for your work . i will start with the fact that even more himers will appear in ukraine, four more himers systems for the ukrainian army , us secretary of defense lloyd austin during a virtual meeting of the contact group on issues defense of ukraine announced that the united states will transfer four more highly mobile heimers art systems to ukraine

. >> so, spencer, who is right and between the companies in your portfolio and the consumer, right, because we were just hearing from a bunch of banks, you know, maybe the consumer should feel like they are in rough shape or the sentiment has tailed off a bit but they are still spending, spending down their savings, putting some stuff on credit cards. the businesses aren't doing that they're cutting their marketing budgets, their ad spend. it seems like if they expected the consumer to keep spending, they would be spending advertising dollars to chase those dollars. so are businesses seeing something that consumers don't or are businesses being overly cautious >> well, what you have to remember in that loop is burn. so a lot of these companies, even some of the big tech companies, they burn cash or they don't have that much cash flow so they are reliant on the funding cycle to continue funding head count growth, marketing spend growth, other expense growth so you look at twitter, for example, 47% year over year growth in r&d expense, basically head count expense and revenue was crushed. that's unsustainable if you are twitter you ar

because the more personnel the enemy drags to the right bank of the dnieper, then in first of all, usingur tactics related to the destruction of bridges and pressure from the front, i think that we will be able to capture a much larger number of the enemy in this zone, which for the enemy is extremely difficult from the point of view of military defense, from the point of view of political, it is of great importance, as i see it because this course of the russian federation for the preparation of referendums in our regions requires that the russians control kherson, but offensive actions and the liberation of these territories can actually to significantly undermine the russian plans to hold such referendums on the accession of our territory to the russian federation, which is actually impossible from the point of view of international world law. as for other directions with military actions, first of all, i noted that uh, there is the liberation of certain cities and towns that you talked about. but i will tell you about more disturbing things related to the actions of the russian feder

the national bank called such a choice of ukrainians symbolic, because right now our country defends its right to freedom with blood on the field. the main thing on our telegram channel, news, espresso.tv, the most interesting information and videos on our youtube channel , espresso.tv, subscribe to our youtube channel, like, write comments, always be with ukrainian looking at the world, my colleague anna valevska and yehor chuzyrynda are ready to continue the espresso information marathon, watch espresso news and euro espresso programs for ukrainian refugees in europe on our channel, a joint broadcast with the atp channel, radio svoboda programs , voice of america time-time programs, inclusion of public television journalists news broadcasts of bbc news ukraine and franz 24, as well as the broadcast of the information marathon, the only news, together we are the strength glory to ukraine poltava vorskla took the first step to the group tournament of the conference league victory 3:2 on the swedish goal brought the ukrainians closer to achieving their goal, in order to finally break

for us and not just in a tactical and operational-strategic dimension, because if we solve the issue of liberating the right banke kherson region, the right bank of the dnieper, we will actually eliminate the threat to mykolaiv and odesa in the near future. if we talk about the future perspective, then on this plan of moscow's advance to transnistria, the occupation of moldova will look even more doubtful, and on the other hand, if we fulfill this task and we manage to get out even to the bank of the dnieper, er, to the bank of the kakhovsky reservoir, the dnieper will rise in the lower reaches, having already more powerful means of destruction, such as the ones promised , and i have hopes, even conviction that they will soon come to us, e missiles for high-mars, and here we are 299 km we will be able to keep under fire control the exit from the crimea exit from the crimea for what it means for us for us it means the possibility of conducting more active operations already in northern tavria because it will be very difficult for the enemy to provide for the relatively small group that it is on today in northern

right now. yeah, it's because of that fog bank that we were actually below average, especially for downtown sanonly warming up to 63 degrees after being in the low 70's yesterday certainly felt the cool down there. but let's take a look at temperatures out there right now. >> 60 degrees for your sunday evening. and those of you in fremont and san jose. very pleasant temperatures in the low to mid 70's there. but livermore and concord still holding steady in the low to mid 80's easily. the warmest cities out there about 30 degrees warmer than pacific up mid-fifties at 55 degrees. and we're tracking widespread 60's for north bay valleys. a little bit cooler, though, for petaluma at 59 degrees. but check out fairfax, low 70's out there for your sunday night. so let's take a look at daytime highs tomorrow because the heat is on. in fact, we're going to be 5 to 10 degrees above average for warmest inland valleys, low to mid 90's. returning for the north bay and east bay. warmest once again for east bay valleys with concord in livermore, 94 degrees. 92 for those of you in novato in hayward, 77 degree

, friends, because in fact, pylyp orlyk, having adopted the constitution next year, he goes with his troops to the transfiguration of ukraine, goes out and enters hostilities on the right bank, and actually if he was there, if he himself acts in accordance with the agreement that he wrote, because in the constitution, it means an agreement between aristocrats and sichovs, that is, the constitution was in effect. and that is why today we have to say that the constitution there was a turning point, it was effective, which was defined in it for the first time in european law. hmm, the distribution of powers, judicial, executive, legislative - this is the basis of the three whales on which today's law actually exists and that's why we have to say that it all works, and here, specifically, when they brought the document on the recognition of independence from coffee, on november 11, the prime minister of sweden was brought to the lesson. er, they don’t know how to research them or they don’t want our archive, you said about the moscow archive, it’s swedish, they are full , they are full, i apologize, even as a reason for the moscow archive, they are full of ukrainian documents,

further offensive operations can simply close this group. on the right bank of the dnieper, it may be easy to get surrounded by him because he understands and it is such that he will look for options to leave the kherson region. thank you very much, mr. serhiy for your professional comments. serhiy zgurets, director of the information consulting company defense express . with news to anzhelika good morning after a minute of silence immediately on espresso news stay with us we will honor the memory of ukrainian soldiers and peaceful citizens of ukraine who died in the war with a minute of silence it was unleashed by russia the battle of poltava in sweden while our defenders defend their native land, footballers will represent ukraine on the international arena poltava vorskla will play the first match of the uefa conference league in stockholm on july 21 against the 12-time champion of sweden of the aik team viktor skrypnyk's debut - the first match of the poltava team under during the war, we need victory, like all of ukraine, the live broadcast of the match from stockholm arena, as well as the pre -match and post-match a

. >> mike, thank you we'll see you in the market zone we'll pick right up on what you said about the banks because citizens financial the latest to report shares in the green after second quarter results. net interest income up 31% in the quarter boosted by better margins and its recent acquisitions of east coast retail branches. shares, however, down about 20% year to date joining us now the ceo, bruce van saun it's great to have you back on the show it does look like you put out decent numbers and guidance, a constructive tone on the conference call. explain that disconnect from what we're seeing in the markets and the bank stocks like yours and what you're seeing in the economy. >> yeah. so i thought we had a very strong quarter, so one of the things that was noteworthy is we closed on our investors acquisition, we had closed on hsbc acquisition in the middle of the first quarter so we're hard at work in integrating those two and really pushing forward in the new york city metro area the financials all are showing strong performance across all metrics, so net interest income is benefitting from

well about 10 degrees below average and all because of this right here. the bankw clouds, assuring in from a very vigorous marine layer, even producing a little bit of conversation in the form of drizzle now, right now, our temperatures sit in the fifties except for brentwood sticks out like a sore thumb at 66 after realizing the high today of 85. so this is that big, beautiful bank of low clouds the marine layer pressing hard up against the coast, marching into the bay and then trickling in word about 50 miles and throughout the tri valley, but notice well into the sacramento valley rapid around towards yolo county by the morning commute. it retreats except again right here around the san mateo co sign and hangs very tight all the way into la honda wants to drift in towards santa cruz, but no clearing tomorrow in ocean beach. now i find this really interesting because on sunday that's going to be the coolest day over the weekend because of this trough that's been hanging about three and 400 miles off the coast. now, as it moves closer, it could do one or two thin

now, they should withdraw now for today their troops from the right-bank part of the kherson region, they do not do this. why do they becausehey do not really understand that their troops will soon find themselves in a situation i will say more about the encirclement. at the beginning of july, it was known that in the northern direction from kherson some units of the russian occupiers would be encircled. today, we already know that this is visokopillya . kherson oblast, she will be a conditional encirclement of the armed forces , so far there has been no official confirmation. i said this on the second of july. well, in fact, i reported this on the second of july. i always report when there is no official information, i did not have it in open sources, but then i already reported that in this particular area of ​​the kherson region, a large number of their units are at risk of encirclement. why did they do nothing for almost 3 weeks now, we have july 22, they did nothing during this time to withdraw their troops, although they had such an opportunity. and we see this in their attitude towards their units and they don't have

there's a million things to do with inflation and whether the central banks have to do more because the market is all right pricing and possibly 50 basis points from the fed. what kind of equity market doesn't it give you? ben: an awful lot to deal with. i think inflation point and supply point, i think that is the number one priority for central banks at the moment. none of the bankers want to be known as the central bank, child of inflation. we will see hikes through the end of this year. the hope is we get some further easing in the supply-side. when you get that pivot toward the end of the year. there was a good chance that does happen. but this is not going to happen this month. i don't think we will get that from the ecb. i think it will be more cautious. coupled between inflation and fragmentation risks in europe. i think the ecb will be a touch more cautious, certainly not from the bank of england. tom: so 50 basis points potentially for the bank of england. you think it is unlikely to -- we will see whether there's good news on thursday. if you're getting the call wrong, how will that affect the w

bank and the right. therefore, strategically, it is very necessary, of course, not because the movement there is, again , new technology of the occupiers, it is precisely due to the fact that they understand that in the first such massive attack, let's say our rocket troops or heavy artillery there, they will have to wait so quickly for the people who appeared there as if it was toheykov's order or is it that he is flaking among the local population about the fact that training is being held there to force the dnipro river, i put it in if that is, they are trying to teach the buryats to swim. they will remain there, they are already a dream, they will remain there, there is information that this is a pontoon bridge, they have already started to build it there and are doing it right under the antonov bridge, the covering of which they actually want to use for, well, purely security situations, well look there, one really one brain is already being built, it’s a bunch of people who are there, he’s there, uh, well, you understand , the construction of the antoniv bridge does not allow it, because there are

down their savings to have a good time during the summer because we deserve it but then tightening the belt when the bill comes due, right? the bank said the consumer is still spending walmart backed that up same-store sales were up that's because everything is more expensive, not because people are actually buying more so now we're trying to figure out, it seems how profits shake out in all this and where it leaves e-commerce and tech. >> why maybe it doesn't necessarily feel like a recession at this moment people are still spending to go out and travel and do all the things they couldn't during the pandemic but eventually bills will come home when looking at the big tech earnings this week, that will largely determine the direction of the market going forward, amazon is a big question mark, right, carl? b of a in a note tried to look at walmart's implications for amazon and i guess i have to wonder has amazon already taken its medicine i mean nearly $4 billion loss last quarter it has raised the price of prime first in the u.s. and now in europe as well will it be in a better position? i heard jim's comments this morning, kind o

that's right, so what that does is perhaps give i what that does is perhaps give central banks a little more latitude now to raise interest rates and may be that narrow path is a little bit wider because band without causing the economy to tumble into a recession. and let me end on this. — tumble into a recession. and let me end on this, michael. _ tumble into a recession. and let me end on this, michael. if _ tumble into a recession. and let me end on this, michael. if you - tumble into a recession. and let me end on this, michael. if you could i end on this, michael. if you could stare into your crystal ball, where do you think we might be going in the next few years with interest rates, and when do you think we will see inflation numbers easing or at least returning to more manageable levels? if i least returning to more manageable levels? . . . , ., levels? if i had a good answer to that, i wouldn't _ levels? if i had a good answer to that, i wouldn't be _ levels? if i had a good answer to that, i wouldn't be speaking - levels? if i had a good answer to j that, i wouldn't be speaking with you now, iwould be that, i wouldn't be speaking with you now, i would be making that, i would

one says that people may not feel the pinch immediately because many banks already figured in the right makes. >> if you are a homeowner in the market today, you've seen your opportunities limited by what has gone on. house prices are up a lot and mortgage interest rates are up a lot. so you may have already had to adjust your home buying budget. >> reporter: but others say the down side is that rate hike after rate hike while inflation persists could start to catch up with people. >> that is the possibility that you are going to start seeing more defaults, you are going to see people finally being unable to pay their bills. and those auto loans that have been sliced and diced the way things were back in the financial crisis, those will start going bad. >> reporter: how can the average american consumer cope with the rate hikes? >> be a little more stringent on your family budget, set aside some of the discretionary expenditures, avoid borrowing for something that you could splurge for later on when you've got already an extra cash cushion set aside. >> reporter: the analysts we spoke t